Winter babies club (due Dec 2011, Jan/Feb 2012)
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By Earl Aelfheah · Posted
We do need growth and investment. But cutting spending, is the opposite of investment - degrading transport, increasing waiting lists, etc. The analogy of government spending as a household budget is a very poor one. Government financial management is probably poor, but every single prospective government says they'll find billions in efficiencies and then fail to find them. I don't believe there is as much waste as people think. We need to tax unproductive assets, raising money to invest in public services / paying down debt, (or else encouraging people to move their money in to productive investments). -
we actually need growth. It may be counter intuitive, but we need investment. my example is about poor financial management, be it personal or central. I'm referring to poor government financial management. -
This is to conflate household budgets with government budgets. They are very different things a large part of the anger felt across the country is the decline in public services after a decade and a half of austerity. You cut more you get more ugly anger Of course people need to be persuaded to pay more - but that is only realistic path. You cut more you will find out the hard way -
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